Bloomberg Surveillance Bloomberg Surveillance TV: March 26, 2025
Mar 26, 2025
Jeannette Lowe, Director of Policy Research at Strategas Securities, dives into the unpredictability of policy from the Trump administration and the consequential trade tariffs. Subadra Rajappa, Head of US Rates Strategy at Societe Generale, shares insights on the potential paths for interest rates in the U.S., highlighting the effects of ongoing policy uncertainty. Together, they navigate the intricate relationship between tariffs, consumer behavior, and economic strategies while discussing the uncertainty facing small business owners.
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Small Businesses Adapting to Tariffs
- Chris Maher's small business clients are surprisingly unconcerned about tariffs.
- They adapted their supply chains during COVID and the previous Trump administration.
Small Business Outlook
- Small business owners are cautious but have plans for growth, including increased loan pipelines.
- Hesitancy exists in areas like residential construction due to recessionary concerns.
Home Builders' Tariff Strategies
- Large home builders stockpile appliances, mitigating tariff impacts.
- Smaller builders demonstrate agility by switching suppliers based on product origin.